Watch live: President Trump holds briefing on small business loan program

2:39 PM ET Tue, 28 April 2020

CNBC.com

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President Donald Trump on Tuesday delivers remarks on the Paycheck Protection Program. The government relief program offers forgivable loans to small businesses that keep employees on the payroll amid the coronavirus crisis.

Trump signed legislation on Friday replenishing the fund that ran out of money soon after it was established as part of the CARES Act Congress passed in late March to aid businesses and workers facing economic distress.

The program faced backlash after several public companies disclosed they had taken out the loans, which were intended to help small businesses with fewer than 500 employees weather the coronavirus pandemic.